Albany Intl completes strategic review, keeps Utah facility, raises Q3 EPS outlook

ALBANY INTERNATIONAL CORP /DE/

Retains Amelia Earhart Drive facility in Salt Lake City after amended CH-53K contract with Sikorsky and Boeing 787 extension.
Reverses reach-forward loss; amended contract expected to generate positive cash flow starting 2027.
Q3 2026 adjusted EPS guidance raised to $1.40-$1.50 from $0.60-$0.70; revenue unchanged at $320-$330M.
Q4 2026 guidance: revenue $325-$335M, adjusted EPS $0.65-$0.75, effective tax rate 31.5%.
New defense contracts secured; investor call scheduled Sept 2, 2026 at 8:30 AM ET.

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